CO-2022-06-0130

Weld County, CO
BLM Colorado Federal Oil & Gas Lease Sale, June 30, 2022

SOLD

Property Schedule

Due Diligence Began 4/18/2022
Bidding Started 6/30/2022
Bidding Ended 6/30/2022 12:00 PM
Please log in as a buyer to view registration status.
You have not bid on this lot
CO-2022-06-0130
120.00
Auction has ended
6/30/2022 9:00 AM MDT / 10:00 AM CDT
6/30/2022 11:00 AM MDT / 12:00 PM CDT
-
$10,002/acre
$2/acre
$1
$1,218,598.60
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)
Parcel Details
Parcel
CO-2022-06-0130
County, State
Weld, CO
Legal Description
T. 7 N., R. 63 W., 6TH PM
Sec. 28 NW1/4NE1/4, N1/2NW1/4
Acres
120.00
Rental (1st Year)
$180.00
Royalty
18.75%
Administrative Fee
$175.00
Expression of Interest
CO00016636
Comments
Split Estate
Serial Number
COCO105294898
Lease Terms and Conditions

All bidding and lease sale on BLM parcels listed on this website shall be subject to the statutes, administrative rules and regulations of the BLM per the authority of the Mineral Leasing Act of 1920 as amended and the Mineral Leasing Act for Acquired Lands of 1947, as amended.

A lease issued as a result of this sale will have a primary term of 10 years. It will continue beyond its primary term as long as oil or gas in paying quantities is produced on or for the benefit of the lease. Advance rental at $1.50 per acre for the first 5 years ($2 per acre after that) is due on or before the anniversary date each year until production begins. Once a lease is producing, you must pay a royalty of 18.75 percent of the value or the amount of production removed or sold from the lease. You will find other lease terms on our standard lease form (Form 3100-11, October 2008).

Stipulations

Stipulations are part of the lease and supersede any inconsistent provisions of the lease form. Some parcels are subject to surface use stipulations. They are requirements or restrictions on how you conduct operations.

They become part of the lease and supersede any inconsistent provisions in the lease form. See Sale Notice for stipulation details.

THIS TRACT IS SUBJECT TO THE FOLLOWING LEASE STIPULATIONS:

  • CO-03 Raptor Nests NSO
  • CO-09 Big Game Winter Range TL
  • CO-18 Raptor Nesting & Fledgling Habitat TL
  • CO-19 Ferruginous Hawk Nesting & Fledgling Habitat TL
  • CO-34 Endangered Species Act LN
  • CO-39 Cultural Resources CSU
  • CO-56 Supplementary Air Analysis LN
Successful Bidder Notification

After all auctions have closed, the successful bidder will be notified via email with closing instructions, including total amount due.

On the day of the sale, you must pay at least the minimum bonus bid of $2 per acre or fraction of an acre; the first year's advance rental of $1.50 per acre or fraction of an acre; and a non-refundable administrative fee of $175, to the BLM State Office by the close of business.

Buyer Premium

A 1.5% Buyer Premium, calculated as 1.5% of the total bonus, will be added to the cost of this lease.

BLM Colorado Contact Information

Email
blm_co_leasesale@blm.gov

Phone
(303) 239-3990

EnergyNet Point of Contact

Government Resources

Email
government@energynet.com

Office
(877) 351-4488

Bid History (Top 10)

Bidder

Placed

Amount

Bidder #885

6/30/2022 11:59:32 AM

$10,002

Bidder #138

6/30/2022 11:59:06 AM

$10,001

Bidder #754

6/30/2022 11:58:57 AM

$278

Bidder #138

6/30/2022 11:50:56 AM

$254

Bidder #754

6/30/2022 11:58:43 AM

$253

Bidder #138

6/30/2022 11:50:56 AM

$202

Bidder #754

6/30/2022 11:56:22 AM

$201

Bidder #138

6/30/2022 11:50:56 AM

$153

Bidder #754

6/30/2022 11:55:38 AM

$152

Bidder #138

6/30/2022 11:50:56 AM

$151

View 7 earlier bids...

1